In recent years, virtually all boards acknowledge that an annual board evaluation is required by “best practices.” How that evaluation should be done, by the board members themselves or by outside “experts” still remains an open matter. And whether these evaluations, either internal or external, are in most cases useful in improving board performance or in “weeding out” nonproductive directors, is also a matter open to debate. Which evaluation practices offer the best chance of improving board performance?
(Short interview with: Dave House, Chairman of the Board of Brocade Communications Systems. Hosted by: Mark Lonergan, Founder and Managing Partner of Lonergan Partners.)
Produced by the Silicon Valley Chapter of the NACD